House values fall – but homes are not getting more affordable

Home values in Australia's capital cities fell by 0.4 percent in June, marking the largest drop since December 2022. Sydney's values dipped by 1.5 percent, while Melbourne saw a 1.3 percent decline. Despite lower values, median house prices in several capitals remain above $1 million, reflecting ongoing affordability issues.

Summary by OZbrief Editorial · SMH · Source